Stock-based Compensation

3 Months Ended

Mar. 31, 2020

Stock-based Compensation [Abstract]

Stock-based Compensation

Note 11

Stock-based Compensation:

As of March 31, 2020, the Company had options to purchase 4,908,038 shares of common stock outstanding with a weighted-average exercise price of $1.90. As of March 31, 2020, options to purchase 2,036,577 shares are vested and exercisable. There are 432,774 shares remaining available for issuance in the form of future equity awards as of March 31, 2020. There were 169,023 restricted stock units outstanding as of March 31, 2020.

Stock-based compensation expense, which is included in general and administrative expense, for the three months ended March 31, 2020 and 2019, was $430 and $323, respectively. As of March 31, 2020, there was $2,442 in unrecognized compensation expense, which will be recognized over a weighted average period of 1.05 years.